1. [Company Name]
Inventory/Cost of Goods Sold Analysis
[Date]
Dark gray cells will be calculated for you. You do not need to enter anything into them.
[Product A] [Product B] [Product C] [Product D] Total
Inventory unit analysis:
Number of units in inventory—beginning of period 1,200 1,000 1,200 1,300 4,700
Production 700 800 600 600 2,700
Units available for sale 1,900 1,800 1,800 1,900 7,400
Units sold 800 600 500 750 2,650
Number of units in inventory—end of period 1,100 1,200 1,300 1,150 4,750
Cost of goods sold analysis:
Beginning inventory $800,000 $750,000 $900,000 $1,200,000 $3,650,000
Add: purchases 400,000 400,000 450,000 600,000 1,850,000
Cost of goods available for sale 1,200,000 1,150,000 1,350,000 1,800,000 5,500,000
Less: ending inventory 770,000 900,000 925,000 1,000,000 3,595,000
Total cost of goods sold $430,000 $250,000 $425,000 $800,000 $1,905,000
Inventory costing:
Cost per unit—beginning of period $666.67 $750.00 $750.00 $923.08 $776.60
Cost per unit—end of period $700.00 $750.00 $711.54 $869.57 $756.84
Variance ($33.33) $0.00 $38.46 $53.51 $19.75
Weighted average cost (Cost of goods available
for sale/Units available for sale) $631.58 $638.89 $750.00 $947.37 $743.24
Ending inventory breakdown:
Value of ending inventory (from above) $770,000 $900,000 $925,000 $1,000,000 $3,595,000
Finished goods inventory $400,000 $375,000 $450,000 $600,000 $1,825,000
Work in progress 300,000 325,000 350,000 300,000 1,275,000
Raw materials 70,000 200,000 125,000 100,000 495,000
Total ending inventory $770,000 $900,000 $925,000 $1,000,000 $3,595,000

2. Composition of Ending Inventory Balances
Raw materials
Work in progress
Finished goods invento-
ry
53,900,000,000
231,000,000,000
$308,000,000,000 180,000,000,000
292,500,000,000
$337,500,000,000 115,625,000,000
323,750,000,000
$416,250,000,000 100,000,000,000
300,000,000,000
$600,000,000,000
[Product A] [Product B] [Product C] [Product D]